Digital currency replaces physical means of payment such as cash and checks. The handling and managing of physical transactions is more expensive as it requires people rather than a program to manage transactions. As the five big banks control 90% of all deposits–essentially a monopoly– their adoption of digital currency would impose it on all banks.
A digital currency means your money is no longer in your hands. It can be denied you intentionally or accidentally. You no longer will have a cash hoard as a backup. Possibly, if they are permitted to exist, you could collect anonymous debit cards preloaded with specific amounts, but if digital money is to be used for control, their existence is unlikely. Moreover, hackers are as likely to be successful diverting digital money as everything else.
The main destructive element of digital systems is that they remove humans from human contact. Scammers have eliminated the usefulness of a telephone as a device for speaking to another person. Instead, people text. But if caller ID and emails can be compromised, so can texting.
What the digital revolution has given us is total insecurity, isolation, and enormous frustration.
-- PC Roberts, former Asst. Treasury Secretary
“It was always the women, and above all the young ones, who were the most bigoted adherents of the (revolutionary) Party, the swallowers of slogans, the amateur spies and nosers-out of unorthodoxy…”
–George Orwell, 1984
Christian Britain has been gone a long time. But the Crown finally held a funeral, bestowing King Charles, earlier "The Defender of the Faith," a new royal title: “Protector of the Space for Faith within the Multi-faith Nation.”
A world-historical societal transformation is taking place before our very eyes, and yet few have taken notice. Britain, the erstwhile leader of the Western world and the foundation and source of English-speaking civilization, is in its last days as a free society, and will soon become an Islamic state. Yet despite the mountains of evidence that this transformation is taking place, many will still deny that it is happening at all. They may not even admit it when it overtakes them personally.
“I thought being on the left was a mental problem. The empirical evidence is so overwhelming that it never worked anywhere, and they refused to accept it. But what I discovered is that being on the left is a disease of the soul. The left is built on envy, hatred, resentment, and unequal treatment under the law. They are very violent, and since they have no way or arguments to answer, they go for physical violence.”
Argentinian President Javier Milei